Thoughts on the market before bed 📊
Thoughts on the market before bed 📊
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It seems to me that we are now entering the most interesting time for crypto assets, especially after BTC corrected by 35% from its peak of 109k.
I’ve said it before, but even for me, reaching the 100k mark at the end of 2024 was a bit of a surprise – it happened too quickly and seemed driven by excess emotion. At that point, a price of 70-75k seemed more reasonable, and a prolonged consolidation was likely.
But on the overall positive sentiment, the asset simply broke through that level and soared further, conquering one peak after another, driving more liquidity into the market through emotions.
109k was an anomaly, and the market literally needed to be cooled down! And believe me, it was the same whales and manipulators who overheated and pumped it in the first place… This is normal – such are the times and cycles.
Now, with the asset returning to a normal price range, we need to quickly assess in which phase Bitcoin currently is – redistribution (with a dip below 72-68) or accumulation (a return and push above 92-96).
Think and analyze! Have a great weekend 📈
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